Annual Secretarial Compliance report foth the period ended 31.03.2026
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MPL Plastics Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretaries Vikas R Chomal and Associates. The report identifies two key deviations: (1) 12,50,000 shares allotted to promoters remain unlisted after BSE rejected the listing application in November 2018; the company resubmitted the application in September 2024 and it is still under process, and (2) the company submitted its Annual Report late, resulting in a fine of Rs. 1,27,440 (including TDS) which has since been paid. Additionally, the company previously failed to fill the Compliance Officer vacancy within the mandated 3-month period but later appointed one. Most other compliance areas including Secretarial Standards, policies, website maintenance, and insider trading norms show compliance. BSE had temporarily frozen promoter securities trading due to the unpaid penalty, but this was lifted upon payment.
The ongoing unlisted promoter shares issue and past compliance delays indicate governance weaknesses. While the company has paid fines and made corrections, the unresolved share listing matter and history of late filings may concern investors about corporate governance standards.